Mirae Asset Global Investments Co. Ltd. Acquires New Position in Domino’s Pizza Inc $DPZ

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the third quarter, HoldingsChannel reports. The firm bought 8,999 shares of the restaurant operator’s stock, valued at approximately $2,696,000.

A number of other large investors also recently bought and sold shares of the company. CoreCap Advisors LLC grew its position in shares of Domino’s Pizza by 17.0% in the 3rd quarter. CoreCap Advisors LLC now owns 262 shares of the restaurant operator’s stock worth $79,000 after acquiring an additional 38 shares in the last quarter. Demars Financial Group LLC raised its position in shares of Domino’s Pizza by 2.8% during the 3rd quarter. Demars Financial Group LLC now owns 1,537 shares of the restaurant operator’s stock valued at $461,000 after acquiring an additional 42 shares in the last quarter. Pinnacle Bancorp Inc. raised its position in shares of Domino’s Pizza by 121.6% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 82 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 45 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Domino’s Pizza by 5.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 971 shares of the restaurant operator’s stock valued at $287,000 after acquiring an additional 50 shares in the last quarter. Finally, Mufg Securities Americas Inc. lifted its stake in Domino’s Pizza by 7.2% during the second quarter. Mufg Securities Americas Inc. now owns 922 shares of the restaurant operator’s stock worth $273,000 after purchasing an additional 62 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 2.2%

Shares of Domino’s Pizza stock opened at $334.28 on Friday. The business’s 50 day simple moving average is $313.29 and its 200-day simple moving average is $341.60. The stock has a market capitalization of $11.00 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.54 and a beta of 0.95. Domino’s Pizza Inc has a twelve month low of $282.00 and a twelve month high of $442.35.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.33 by $0.27. Domino’s Pizza had a negative return on equity of 15.48% and a net margin of 12.03%. The business had revenue of $1.19 billion during the quarter. During the same quarter in the prior year, the firm earned $4.08 EPS. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Sell-side analysts predict that Domino’s Pizza Inc will post 19.10 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be given a $1.99 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $7.96 annualized dividend and a yield of 2.4%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 43.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DPZ shares. Bank of America decreased their price objective on shares of Domino’s Pizza from $455.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, October 14th. KeyCorp reissued a “sector weight” rating on shares of Domino’s Pizza in a report on Wednesday, October 14th. Wells Fargo & Company reduced their price target on shares of Domino’s Pizza from $350.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 14th. Robert W. Baird reduced their price target on shares of Domino’s Pizza from $325.00 to $320.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Domino’s Pizza in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $380.87.

Domino’s Pizza Profile

Domino’s Pizza, Inc is a global pizza company that operates and franchises restaurants specializing in delivery and carryout. Its menu includes pizzas, chicken wings, sandwiches, pasta, bread sides, desserts and beverages, with offerings varying by location.

The company traces its roots to a pizza shop opened in Ypsilanti, Michigan, in 1960. It adopted the Domino’s Pizza name in 1965 and has since grown through a predominantly franchised business model, serving customers in the United States and international markets.

Domino’s is headquartered in Ann Arbor, Michigan.